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Channel News: Australian banks have received a warning from the nation‘s peak financial regulator to improve their poor “cyber hygiene”, following revelations that there have been some 36 significant data breaches in just four months.
InvestorDaily: The white paper, Keeping Our Money Safe: Data and Security of Payments in 2020 and Beyond, from InPayTech has forecast pay-tech vendors catering to the super sector will need to be aware of evolving customer experiences and expectations around data security.
Financial Review: The cybersecurity company will open offices in Sydney and Melbourne with a starting presence of five full-time employees, led by former Symantec and Linksys executive Stephanie Boo, the firm's Asia-Pacific managing director.
CSO: With volumes of cybersecurity insurance claims surging, businesses need to be more careful than ever about what their policies do and don’t cover, according to an academic who warned that insurers are becoming more mercenary in their interpretations of cyber events.
The Sydney Morning Herald: Australians who have had their super accounts drained by crime gangs will be fully compensated as some of the country's biggest funds ramp up cyber-security in the wake of an alleged $10 million international identity theft scam.
Financial Review: New Payments Platform Australia, the real-time system owned by the big four banks and 11 other financial institutions, is under pressure to explain how almost 100,000 customers' personal details were accessed as part of its second data breach in three months.
Reuters: National Australia Bank Ltd (NAB.AX) said 13,000 customers are being contacted after a data breach where personal data was uploaded without permission to two data service companies.
Financial Review: The venture capital arm of National Australia Bank has led a $US10 million ($14 million) investment in Silicon Valley-based cyber security start-up Digital Shadows, a business which helps brands identify their exposure to cyber threats and better manage their digital assets.
ZDNet: Australian Catholic University (ACU) has confessed that a data breach occurred on its systems as a result of a phishing attack. ACU said it discovered the breach on 22 May but did not say when the attack happened. "The data breach originated from a phishing attack: An email pretending to be from ACU tricking users into clicking on a link or opening an attachment and then entering credentials into a fake ACU login page," Acting Vice-Chancellor Dr Stephen Weller said in a blog post on Monday...
CIO: The Federal Government has earmarked $8.5 million in funding for the country’s cyber security sector in a bid to “grow and create new jobs,” according to Minister for Industry, Science and Technology Karen Andrews. “This funding will assist the cyber security industry to upskill and expand the sector, and harness the enormous opportunities available to Australia,” Andrews said in a statement. Announcing the opening of the second round of AustCyber’s Projects Fund, Andrews encouraged companies that can make a significant contribution to the sector to apply...
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